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Indirect Taxes

Annual Tax on Enveloped Dwellings

The annual charges for the Annual Tax on Enveloped Dwellings (ATED) will rise in line with inflation for the 2017/18 chargeable period.


- Property value £500,001 to £1 million - £3,500 (£3,500)
- Property value £1,000,001 to £2 million - £7,050 (£7,000)
- Property value £2,000,001 to £5 million - £23,550 (£23,350)
- Property value £5,000,001 to £10 million - £54,950 (£54,450)
- Property value £10,000,001 to £20 million - £110,100 (£109,050)
- Property value £20,000,001 and over - £220,350 (£218,200)

Insurance premium tax

As announced at Autumn Statement 2016 and confirmed at Spring Budget 2017, the government will legislate in Finance Bill 2017 to increase the standard rate of Insurance Premium Tax (IPT) by 2% from June 2017. It will also repeal existing anti-forestalling legislation as it is no longer required.

Soft Drinks Industry Levy

As announced at Budget 2016 and confirmed at Autumn Statement 2016, the government will legislate in Finance Bill 2017 for the Soft Drinks Industry Levy. The two thresholds, at 5g and 8g of sugar per 100ml, have been designed so that, by taking reasonable steps to reduce sugar content, UK producers and importers of soft drinks can pay less or escape the charge altogether. The rates were announced at Spring Budget 2017 and will be 18 pence per litre (ppl) for the main rate and 24ppl for the higher rate. The levy will take effect from April 2018 and evasion of it will be a criminal offence.

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Added By: Sue Taylor on 13th Mar 2017 - 15:55
Last Updated: 13th Mar 2017 - 16:12

Number of Views: 950
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